Feb 15, 2013 6:30pm PST
exception. >> there's a lot of online-based companies like amazon, google, facebook, that are avoiding tax, which is outrageous. >> apple, for example, has seen overseas earnings surged in recent years, but at the same time, the company has managed to reduce its foreign tax burden without breaking any laws. officials from the joint international tax shelter information center cannot change the laws, but they can highlight problems and suggest revisions of current legislation. >> we are not reinventing the wheel. we are acting on a legal basis to try to use our personal contacts to be better, more efficient, and react more quickly. >> when the chinese delegate discovers a tax trail leading to germany, he can simply stepped into the office next door, and his german colleague is glad to help because he might need information from china the next day. so far, germany and china have only provided one delegate each to the center, but at least it is a start. >> it seems there might be a ratings war in the offing. a downgrade by u.s. ratings agencies can be bad news for any business, b
Feb 22, 2013 5:30pm PST
giant google has also been developing a computer that looks likes a pair of eyeglasses. competition in the emerging field of wearable computers is expected to further intensify. coming up, the weather forecast. >>> that's all for this edition of "newsline." i'm keiki kitigawa in tokyo. thank you for joining us.